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Edge Computing

Edge computing processes data closer to its source, enhancing real-time decision-making and reducing latency, which is crucial for branch banking. It enables faster transaction processing, improves customer experience, and ensures operational resilience during central server outages. Additionally, it supports IoT integration and enhances data privacy by processing sensitive information locally.

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Sourav Lenka
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30 views1 page

Edge Computing

Edge computing processes data closer to its source, enhancing real-time decision-making and reducing latency, which is crucial for branch banking. It enables faster transaction processing, improves customer experience, and ensures operational resilience during central server outages. Additionally, it supports IoT integration and enhances data privacy by processing sensitive information locally.

Uploaded by

Sourav Lenka
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SO IT INTERVIEW GUIDANCE

Q: Explain the Concept of Edge Computing and Its Relevance to Branch Banking.

Answer:

Edge computing involves processing data closer to its source (at the "edge" of the network)
rather than relying on centralized data centers. This approach reduces latency, enhances
real-time decision-making, and minimizes bandwidth usage.

Key Features of Edge Computing:


1. Local Data Processing:
• Data is processed near its origin, such as in branch servers or devices.
2. Reduced Latency:
• Eliminates the need to send data to distant data centers for processing.
3. Decentralized Infrastructure:
• Distributes computing resources across multiple locations.

Relevance to Branch Banking:


1. Real-Time Transaction Processing:
• Enables faster processing of transactions within branches without relying on the
central CBS.
2. Enhanced Customer Experience:
• Reduces wait times for services like account opening, loan approvals, or cash
withdrawals.
3. Improved Resilience:
• Branches can continue operating during central server outages by relying on
local systems.
4. IoT Integration:
• Edge computing supports IoT-enabled devices (e.g., smart ATMs) for seamless
operations.
5. Reduced Network Load:
• Minimizes data transfer to central servers, lowering bandwidth usage and costs.
6. Data Privacy:
• Sensitive customer data can be processed locally, reducing risks associated with
transmitting data to central servers.

Transforming Branch Banking with Edge


Computing Solutions
Operational
Resilience
Customer Ensures branch
Experience functionality during IoT Integration
central outages.
Reduces service wait Supports smart devices
times and enhances for seamless banking
satisfaction. operations.

Real-Time
Processing Data Privacy
Enables swift Processes data locally
transactions without to minimize
central system reliance. transmission risks.

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